Quote from: xDan on February 20, 2013, 05:18:43 PM

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I read about it, but still didn't know how it works completely, because it's too complicated system. But I read enough to make my decision, after I saw that some people got a lot of coins , which discouraged me from using this system , so I asked and said that I think it should have been distributed equally.

Do you avoid Apple products because some people got in early and made a mint in Apple shares?

Do you avoid gold, because its price fluctuates sometimes? Do you despise people who bought gold when the price was low, and do you vow never to buy or handle any objects made of gold because of that?

If some rival businessperson has the foresight to invest in some new technology and their business gains more custom than yours as a result, is that unfair? When you finally realise that the new tech has merit, should you be retroactively compensated?

If you don't agree with all those things: How is this any different?

Also:

Say your magical FairCoins were given one to every person on the earth. Maybe they start with zero value, maybe they start with a certain value, that doesn't matter. However the point at which you decide to sell a product or a service for FairCoin, and you receive another FairCoin from somebody else, you are giving more value to a FairCoin. (Previously you could buy X different things with FairCoin, now you can buy X+1! To everybody that desires your particular product, FairCoin's subjective value has increased). So the people that trade early in FairCoin will likely be able to command a higher amount of FairCoin for their products than those who come later. (Just like Bitcoin!)

Or maybe the FairCoin will go bust, and drop in value. Either way, the value *CHANGES* and doesn't stay the same; either the early adopters will win and the FairCoin will increase in value, or it will fail and everyone will lose. (The early adopters more so, since they sold actual products for it and are now left with worthless FairCoin).

So I think it's entirely possible that FairCoin would have the same "problem" that Bitcoin does. Maybe not quite to the same extent, but you would never know, because you can't control or predict these things. You would have a new hindsight and be trying to re-invent FairCoin. And again and again, each experiment giving a different result...

It's not the same, I don't mind people buy things that get higher value in the future. This is not the case here, Money doesn't have a value on it's on, it's the ability to get things from it, that give it a value. This is about a currency system that wants to replace the current one, now people can decide if they want to cooperate with it or keep using the current one, and if people feel that the system made in such a way that some people will be richer than the others only because they invented it or were the first to join, people won't want to join it, and if people won't join it this system can't live, and the people also know they can harm the system by not joining it.

It's not the same if the value of the coin changes in the future, because each one has the right to keep the coin or use it later, but they all started with the same point, and anyway it's not clear if the early users lose or win, it depends on how the coin value will stabilize, in any case the difference won't be that high as now.
Think about it, half of the coins in the world are already mined, they are held by how many people? 0.00000001 percent of the world population? Do you think people can accept that? If I use my example of the other planet, it means just for demonstration that 2 people of the 100 will get 450 coins each and the rest get 1 coin.